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One of the main factors behind the reduction in oil supply and, consequently, theincrease in oil prices in Q1 2021 was the voluntary decision of Saudi Arabia underthe OPEC+ agreement to further reduce its production by 1 mbpd. This fact resultedin a record overall conformity with the original...
Persistent link: https://www.econbiz.de/10013225669
The OPEC+ deal and the coronavirus pandemic remain key factors affecting the state of the manufacturing and extractive industries. Some easing of the terms of the OPEC+ deal in 2021 in case of Russia and the possibility of containing the pandemic through mass vaccination suggest that there is a...
Persistent link: https://www.econbiz.de/10013235209
Based on the Q4 2020 results, industrial production outturns increased mainly on the back of extractive industries, particularly, owing to export coal supplies to China and Europe. In manufacturing, output growth still prevails in food, textile and chemical industries
Persistent link: https://www.econbiz.de/10013238884
Russian Abstract: По итогам четвертого квартала 2020 г. показатели промышленного производства выросли главным образом за счет добывающего сектора, в том числе благодаря...
Persistent link: https://www.econbiz.de/10013239227
Russian Abstract: В 2021 г. наблюдался рост в добывающем секторе промышленности за счет увеличения спроса на энергетический уголь и природный газ со стороны европейских и...
Persistent link: https://www.econbiz.de/10013293469
Russian Abstract: Отказ от резкого увеличения нефтедобычи странами – участницами соглашения ОПЕК+ и новости о начале вакцинации от коронавируса были положительно...
Persistent link: https://www.econbiz.de/10013245844
Development of Russian and world economies in Q2 2020 demonstrates that despite economic collapse countries are adapting to the current situation and in case there is no second wave of pandemic the crisis will take a V-type form. In particular, the oil price is unlikely to drop below $35 per...
Persistent link: https://www.econbiz.de/10012828710
Analysis of trend components of production indices for May through July 2021 suggests that growth factors in trends for the extractive industries since the beginning of 2021 continue to have effect for two reasons: a pickup in demand for power-generating coal on the part of European and Asian...
Persistent link: https://www.econbiz.de/10013314544
Russian Abstract: Пересмотр базового уровня сокращения добычи нефти для ОАЭ позволил достичь компромисса в переговорах по продлению сделки ОПЕК+. Взамен ОАЭ поддержали...
Persistent link: https://www.econbiz.de/10013321699
Analysis of trend components of production indices for May through July 2021 suggests that growth factors in trends for the extractive industries since the beginning of 2021continue to have effect for two reasons: a pickup in demand for power-generating coal on the part of European and Asian...
Persistent link: https://www.econbiz.de/10013322190